High Finance Thread

Originally Posted by Unregistered

Trade finance and S&T are two different things. If you are not in the industry, why dish out so much unfound advice.

Sorry new to this forum. Didn't know trade finance counts as "high finance" and thought OP was referring to S&T.

Happy now?

I don't even think you know what is S&T. So that's alot of advice for something you have zero idea. Try to tidy up what you want to blurt about before going for your IBD interviews

Originally Posted by Unregistered

You mean the T part of S&T? From what I heard, base got bumped and in line with IBD in US. Not sure in SG. Variable depends on the revenue you can generate.

The hours are definitely shorter but calling it boring is overkill. Career path is definitely not as smooth as staying in IBD due to lesser seats these days. You could always take a MBA if you want a more traditional exit option but being in S&T generally means you are more of a risk-taker. Generally, heard that the more senior in the industry would try to negotiate with buy-side for a cut of the P/L they generate rather than a good base and variable like IBD.

Would not recommend S&T if you want job stability, having "fun" in the sense of staying in the office till 2-3am and want a "steady" exit option

Your typical smarta5ses. Bro if you work in PwC, please don't talk as if you know about high finance.

Trade financing is about extending loan for importers/exporters to reduce working capital burden. It doesn't pay that well as it is more similar in nature to corp banking.

Originally Posted by Unregistered

Your typical smarta5ses.

You are more mean than me. People are obviously young, give some chance. Just remind them don't anyhow give advice when they have no good advice can liao

any insights on product strategy prpduct development roles for asset management? does it pay well?

Originally Posted by Unregistered

Your typical smarta5ses. Bro if you work in PwC, please don't talk as if you know about high finance.

Trade financing is about extending loan for importers/exporters to reduce working capital burden. It doesn't pay that well as it is more similar in nature to corp banking.

thanks for sharing. do you know if trade finance or corp banking pays better?

Originally Posted by Unregistered

Your typical smarta5ses. Bro if you work in PwC, please don't talk as if you know about high finance.

Trade financing is about extending loan for importers/exporters to reduce working capital burden. It doesn't pay that well as it is more similar in nature to corp banking.

You must work in KKR/Apollo/Barings then, seeing you know finance knowledge that you think I don't even know.

Again I reiterate that I didn't know trade financing belongs to "high finance" thread in SG, please spare me from your roasting

Originally Posted by Unregistered

I don't even think you know what is S&T. So that's alot of advice for something you have zero idea. Try to tidy up what you want to blurt about before going for your IBD interviews

fyi I am in S so I do indeed not have the complete information of T. My apologies for the misinformation then, seeing you know more better than me

Originally Posted by Unregistered

Sorry to break your bubble NUS guy (assuming your even from NUS). unimel/usyd actually ranks higher than NUS in most of the prominent academic ranking (3/5). I bet you only see QS ranking and circlejerk yourself all day for being in the top uni in APAC

UniMelb*** sorry typed too fast earlier

Wasn't shitting on local Us btw, just the commenter. Ranking is arbitrary

Originally Posted by Unregistered

fyi I am in S so I do indeed not have the complete information of T. My apologies for the misinformation then, seeing you know more better than me

Which asset class? Sales EQ is important, so good to learn to be less snarky about things.

Not meaningful to attribute your incorrect sharing to trade finance =/= high finance. Also don't need to be in Apollo to know things. I knew that in my grad days.

I do agree that the question could have been in a thread about banking / MA given the origin intent of this thread is about PE / VC and etc. But if the question is asked in wrong place, then so be it. The simple premise of giving advice, should be to give advice that is helpful. I won't even comment on career trajectory of trade finance, sales, trading simply because I do not know what to say.

And honestly? Being in sales, you should have known trade finance =/= trading. If your client approached you to get access to the trade finance team for solutions or general FAQs, it would look pretty bad on you to link to the wrong team.